THE SAWYER ROAD VILLAS - 5493 Sawyer Rd, Tampa, FL 33634

THE PROPERTY SITS A BLOCK OFF OF BUSY HILLSBOROUGH AVE LESS THAN A MILE FROM THE VETERANS EXPRESSWAY, THE MAJOR HIGHWAY THAT CONNECTS THE CLEARWATER/ST. PETERSBURG AREA TO TAMPA, FL. THE PROPERTY IS ALSO MINUTES FROM SOUTH TAMPA, TAMPA INTERNATIONAL AIRPORT AND, INTERNATIONAL MALL! THE SAWYER ROAD. VILLAS ARE A 14-UNIT APARTMENT COMPLEX LOCATED IN TAMPA, FL. THE PROPERTY CONSISTS OF 7-BUILDINGS, EACH WITH TWO LARGE TWO 1-BEDROOM, 1-BATHROOM UNITS. THESE UNITS ARE IN EXCELLENT CONDITION AND ALL HAVE THE SAME MASSIVE FLOOR PLAN OF APPROXIMATELY 1,300 S/F. THE SAWER ROAD VILLAS ARE CURRENTLY 100% OCCUPIED AND HAVE AN IN-PLACE CASH-ON-CASH RETURN OF OVER X%. THE RENTAL RATES ARE EXTREMELY LOW COMPARED TO OTHER BUILDINGS IN THIS PARTICULAR MARKET! THIS GIVES THE BUYER MASSIVE UPSIDE TO RAISE THE RENTAL RATES WITHOUT HAVING TO SPEND MUCH MONEY ON IMPROVING THE UNITS. THE BEST PART OF THIS SALE IS THAT THE SELLER IS WILLING TO DO SELLER FINANCING AT AMAZING TERMS. CURRENTLY, THE SELLER IS OFFERING THE FOLLOWING SELLER FINANCING TERMS: 20% DOWN PAYMENT, 5.75% FIXED INTEREST RATE, AMORTIZED OVER 30-YEARS WITH A 5-YEAR BALLOON. THESE TERMS ARE FAR BETTER THEN ANYTHING A BANK CAN CURRENTLY OFFER AS A PROPERTY LIKE THIS WOULD REQUIRE CLOSE TO APPROXIMATELY 30% DOWN AND WOULD ONLY OFFER AN AMORTIZATION OF APPROXIMATELY 20-25 YEARS AT BEST. THE MONTHLY SAVING A BUYER WOULD ACCUMULATE BY USING THE SELLER FINANCING, INSTEAD OF CONVENTIONAL FINANCING IS IMMENSE MAKING THIS A FANTASTIC INVESTMENT OPPORTUNITY. WITH THE ABILITY TO USE THE SELLER FINANCING OFFERED BY THE SELLER, A BUYER CAN OBTAIN AN EVEN HIGHER RATE OF RETURN INSTANTLY. THE QUALITY OF THESE UNITS ONLY ADDS TO THE LONG LIST OFF REASONS WHY THIS PROPERTY IS THE PERFECT INCOME PRODUCING ASSET FOR AN INVESTOR. THE PROPERTY IS CURRENTLY 100% OCCUPIED WITH MOST TENANTS SIGNED TO YEARLY LEASES. THIS ALLOWS THE NEW OWNER TO RAISE THE RENTS OVER THE NEXT YEAR AS THE LEASES COME DUE AND INCREASE THEIR CASH-ON-CASH RETURN. THIS ALSO ALLOWS A BUYER TO MITIGATE THE RISK OF VACANCY AS THESE YEARLY LEASES CREATE LOCKED IN INCOME. THERE IS CURRENTLY MANAGEMENT IN-PLACE AND THEY ARE WILLING TO STAY ON IN THE SAME ROLE IF THE NEW BUYER WOULD LIKE AS THEY HAVE DONE A TERRIFIC JOB RUNNING THE PROPERTY FOR OVER 5 YEARS. THE PROPERTY IS IN FANTASTIC CONDITION AND HAS BEEN WELL MAINTAINED BY THE SELLER AND MANAGEMENT COMPANY. THE PROPERTY FEATURES A PRIVATE DRIVEWAY, WITH EACH UNIT HAVING ITS OWN GARAGE AS WELL AS, UPDATED APPLIANCES, FLOORS, AND BATHROOMS. THE ROOFS, A/C UNITS, AND PLUMBING ARE IN GOOD WORKING CONDITION AND WERE RECENTLY UPDATED! EACH BUILDING HAS ITS OWN HVAC UNIT AND EACH TENANT HAS THEIR OWN PRIVATE YARD!